ATTRACTIVE LEASE FUNDAMENTALS WITH BELOW MARKET RENT AND FAIR MARKET VALUE OPTIONS
- New 10 year Abs. NNN lease
- 5% in 2029 & FMV in Options
- Zero landlord responsibilities
CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
- This Novant Health location is backed by the Novant Health credit (S&P: AA-)
- The tenant Novant Health Urgent care is a subsidiary of Novant Health with over $8.3 Billion in annual revenue
- The whole system has over 18 hospitals, 850 outpatient centers, and over 40,000 employees
LOCATED IN EXPANDING HEALTHCARE CORRIDOR
- Within a rapidly developing medical corridor along U.S. Hwy 17
- Surrounded by complimentary healthcare uses including McLeod Health, Tidelands Health and multiple dental, imaging and primary offices
- 54,822 jobs will be added to the Healthcare and Social Assistance sector over the next decade (17.6%)
HIGH-VISIBILITY, EASILY ACCESSIBLE LOCATION
- Prominent frontage and monument signage along U.S. 17 with multiple points of ingress/egress
- High daytime traffic from nearby retail, schools, and residential communities
- Less than 2 miles from the North Carolina state line and a direct feeder to Myrtle Beach tourist traffic
POSITIONED ON A MAJOR COSTAL CORRIDOR
- Located directly along U.S. Highway 17 (+32,200 VPD), the primary commercial artery through the Myrtle Beach metropolitan area
- Surrounded by more than 1.1 million SF within a 3-mile radius of including Walmart, Publix, Lowe’s Foods, Target, Home Depot, and numerous QSR and service retailers
MYRTLE BEACH MSA
- Over 50K people live in a 3-mile radius, which is expected to grow at an annual rate of 4.2% over the next 5 years (According to
- Myrtle Beach has been named fastest grown City in the US for 3rd straight year (U.S. News & World Report 2023)
- 42% increases from 2010